BlockBeats message, April 8: Yihua Yi, founder of Liquid Capital (formerly LD Capital), posted on a social platform saying, “The war has been confirmed to be over; there’s no inside information. Neither side has any reason to keep fighting. Rebound—where should you take profit? Walk and watch.
This year’s crypto market is exactly like 2019. Secondary liquidity has fallen off a cliff, there’s almost no confidence in primary investments, Web3 companies have laid off large numbers of staff, and industry participants are moving into other lines of work. When others are fearful, you should be greedy—this year is definitely the best time for secondary bottom-fishing and primary investing, it’s just like 2019. The institutions that bottom-fished the secondary market and invested in the primary market in 2019 were the biggest winners of the bull market in 2020. We are working hard to do these two things.”
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